Business news from Ukraine

Business news from Ukraine

Ukraine Reduced Iron Ore Exports by 30.3% Over Four Months

19 May , 2026  

In January–April of this year, Ukraine’s mining companies reduced iron ore exports by 30.3% in volume terms compared to the same period last year—to 7,773,359 thousand tons from 11,147,338 thousand tons.

According to statistics released by the State Customs Service (SCS), 2,163,837 thousand tons of IOR were exported in April, 2,300,467 thousand tons in March, in February – 1,254,516 thousand tons, and in January – 2,054,539 thousand tons.

In the first four months of the year, foreign exchange earnings from mineral ore exports decreased by 31.4% – to $612.998 million.

Crude grain exports were mainly shipped to China (41.84% of shipments in monetary terms), Slovakia (19.06%), and Poland (15.34%).

In addition, in January–April 2026, Ukraine imported 214 tons of raw materials worth $56,000 from the Netherlands (42.86%), Poland (35.71%), and Italy (21.43%), whereas in January–April 2025, it imported 65,000 tons worth $46,000.

As reported, Ukraine’s mining companies reduced ore exports by 8% in volume terms in 2025 compared to the previous year—to 30,995,363 tons from 33,699,722 tons, foreign exchange earnings decreased by 16.6%—to $2.337765 billion from $2.803223 billion. Exports were mainly directed to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).

In addition, in 2025, Ukraine imported 130 tons of raw materials worth $95,000 from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), whereas in the previous year it imported 2,042 tons worth $414,000.

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